Premium Only Content

DrJLT Economics: Deflation != Stagnation Is the Lesson Not Learnt from the Great Depression E005
I make the case that they learned the wrong lesson from the Great Depression:
Deflation is traditionally caused by an increase in productivity and/or fall in demand. It leads to reallocation of resources and rejuvenation of the economy.
A lot of central bankers say that they're working to fend off deflation, because "debt deflation" led to stagnation in the Great Depression.
In fact, while the GD started off as a deflationary event, it could have been just another end of economic cycle. What aggravated the situation was government intervention that led to high unemployment, which exacerbated deflation.
Today, with QE infinity, the central banks keep zombie companies alive while preventing a reallocation of economic resources, damaging the productivity while keeping demand artificially high. This eventually will lead to run-off inflation + stagnation.
Remember, deflation != stagnation, and stagnation + inflation is worse.
My websites: https://drjlt.com, https://neofiliac.com
-
2:16:08
The Pascal Show
11 hours ago $0.84 earnedGHISLAINE BREAKS SILENCE! DOJ To MEET With Ghislaine Maxwell! Epstein List To Be Exposed & More News
5.3K -
1:59:25
The Michelle Moore Show
1 day ago'Tulsi Gabbard on Obama Collusion, 2015 Prophecy Coming To Pass, Huckabee Slights Israel, Nathan Reynolds, & Pet Shots' Guest, Mark Taylor: The Michelle Moore Show (July 21, 2025)
30.3K82 -
2:23:48
FreshandFit
5 hours agoShould Average Men Pay For Box?
54.5K18 -
7:29:29
SpartakusLIVE
10 hours agoThe $1,000 Spartakus Gauntlet || Huskerrs and Twitty
109K1 -
9:14:17
RalliedLIVE
10 hours ago $16.43 earnedHIGH OCTANE WARZONE SOLOS ALL DAY
101K4 -
2:49:43
TimcastIRL
8 hours agoTrump Just ACCUSED Obama Of TREASON, Calls For CRIMINAL Charges | Timcast IRL
223K78 -
10:19
MattMorseTV
13 hours ago $7.46 earnedTrump just went SCORCHED EARTH.
44.5K28 -
2:37:18
Barry Cunningham
9 hours agoPRESIDENT TRUMP UNLEASHES HIS WRATH! NOW IT'S DEFINITELY GAME ON! HUGE TRADE WIN!
90.8K58 -
1:27:56
Glenn Greenwald
11 hours agoSemafor Editor Ben Smith on Epstein Saga; How do MAGA Supporters Really Feel About Trump's Foreign Policy? Eddington Movie Review: Reflections on 2020 | SYSTEM UPDATE #490
160K72 -
2:13:20
megimu32
8 hours agoOTS: Infomercial Insanity | 80s-00s Gadgets That Sold Big (and Made Us Buy)
40.5K7